Small-cap stock below ₹50 edge higher after THIS acquisition update. Do you own?

Vishal Fabrics share price jumped by over 8% during Tuesday's trading session following the announcement of its investment in Chiripal Textile Mills Pvt Ltd (CTMPL). As per the information provided to the exchanges, the company has purchased 1,73,825 equity shares of CTMPL for ₹3,49,38,825, at a price of ₹201 per share, based on a valuation report dated March 24, 2025.

Currently, Vishal Fabrics Ltd (the Company) owns 37.72% of the equity share Capital of M/s. Chiripal Textile Mills Pvt Ltd, which has been recognized as an "Associate Company" of the Company since March 30, 2024, the Ahmedabad-based firm said in its filing.

Following this transfer, the Company now possesses 42.36% of the Equity Share Capital in M/s. Chiripal Textile Mills Pvt Ltd, as stated by the firm in a filing to the exchange.

Vishal Fabrics Ltd, established in 1985, is a manufacturer of denim and a fabric processing facility. As the leading company of the Chiripal group, it aims to transform denim from a product used occasionally into a staple necessity in everyday life.

As per reports, the net sales rose by 5 percent to ₹403.7 crore, while the net profit increased by 32 percent to ₹9.6 crore in Q3FY25 compared to Q2FY25. Over the nine-month period, the company reported net sales of ₹1,128.4 crore and a net profit of ₹21.7 crore in 9MFY25. In terms of its annual performance, the company announced net sales of ₹1,450 crore and a net profit of ₹21 crore for FY24.

Vishal Fabrics share price today

Vishal Fabrics share price today opened at ₹25.75 apiece on the BSE, the stock touched an intraday high of ₹29.47 apiece, and an intraday low of ₹24.25 per share.

“In last two days we have seen wide swings in the stocks where prices have seen ends of both 24 and 34, for now we see prices trading in a consolidation with 24 - 25 acting as support whereas a sustain close above 30 would resume the uptrend,” said Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One.

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